Evolution of AI in Procurement: The Agentic Age
Artificial Intelligence (AI) has rapidly evolved over the past several decades, moving from simple rule-based systems to complex, self-learning models capable of reasoning, problem-solving, and creative thinking. Many are familiar with Generative AI, and while GenAI is transformative, it operates in a static, response-driven manner. It does not autonomously pursue goals, take independent action, or adjust its strategies dynamically. This is where Agentic AI enters the chat.
Join Ardent Partners’ analysts, Andrew Bartolini and Magnus Bergfors, Anthony Breach, and Kevin Frechette, Fairmarkit CEO, as they discuss AI in the agentic age.
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Kevin Frechette is the CEO and Co-Founder of Fairmarkit, the autonomous sourcing platform. Since starting Fairmarkit as a tail spend automation solution, he has met with and learned from thousands of supply chain and procurement executives to understand where technology can transform procurement. Kevin’s current focus is on exploring the possibilities for AI and automation across procurement and supply chain processes, most recently Generative AI. He notably has led Fairmarkit to being ranked 159th fastest growing company in America by Inc5000. Most importantly, he’s a girl dad to two “spirited” daughters and just expanded the family welcoming his son Grady :)
Magnus is one of the most experienced analysts in the procurement technology space. With more than 20 years of procurement experience, most of it as an analyst at Gartner, he has authored hundreds of articles and reports and helped literally thousands of end-user organizations select the best-fit sourcing/ procurement solution(s) to maximize value and returns. After a brief excursion to the solution provider world, he is back as an analyst leading Ardent’s coverage of procurement and sourcing technology.
